Gold Road Resources (ASX:GOR) increased its 2025 guidance for its Gruyere gold mine in Western Australia, according to a Tuesday Australian bourse filing.
The 2025 guidance for the gold mine is now 325,000 ounces to 355,000 ounces at an attributable all-in-sustaining cost of between AU$2,400 and AU$2,600 per ounce.
The firm said the delivery of higher-grade run-of-mine ore from the mine to the process plant would be enabled by the stripping down of the stage four pit in 2024 to gain full access to the ore body.
The firm also provided a three-year production outlook for 2025, 2026, and 2027 of between 335,000 ounces per annum and 375,000 ounces per annum.
Gruyere produced 1.5 million ounces of gold at an average all-in-sustaining cost of AU$1,610 per ounce to Dec. 31, 2024.
The Gruyere joint venture also started an exploration program below the open put mine after completing a preliminary underground review in 2024, the filing said. The 60,000-meter diamond drilling program aims to extend the resource to a depth of about 1,200 meters below the surface.
The joint venture is a 50:50 venture with Gruyere Mining, a member of the Gold Fields Group, which manages and operates the Gruyere gold mine.
Gold Road Resources' shares fell almost 5% in early trading on Tuesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.